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Journal : JOURNAL OF HALAL REVIEW

Digitalizing Sharia Fintech: Adapting Islamic Economic Principles for Millennials Fitriyani, Yeny
Journal of Halal Review Vol. 1 No. 1 (2025)
Publisher : Generate Digital Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70764/gdpu-jhr.2025.1(1)-01

Abstract

Objective: This study aims to explore the adaptation of economic principles from Prophet Muhammad within Islamic fintech, examining its relevance to Indonesia’s millennial generation and how these platforms can support MSME growth, enhance financial inclusion, and adhere to sharia principles in the digital era. Research Design & Methods: This research uses a qualitative method with a literature study approach to analyze narrative data from various sources, thus enabling a comprehensive understanding of the phenomenon by integrating theoretical and practical perspectives. Findings: The study results show that Islamic fintech platforms, which adhere to Sharia principles such as the prohibition of usury and ethical transactions, offer a suitable alternative to conventional finance for Indonesia’s millennial generation, with its digital fluency and openness to innovation, is ready to adopt Islamic fintech such as peer-to-peer lending and crowdfunding to improve financial inclusion, MSME accessibility, and sharia-based economic growth. Implications & Recommendations: This study recommends that Islamic financial institutions invest in user-friendly, transparent fintech platforms, while policymakers should create regulations that support Islamic fintech development and financial inclusion for MSMEs. Additionally, Islamic fintech platforms should integrate educational features on Sharia principles to promote ethical financial behavior among millennials. Contribution & Value Added: This study contributes to the Islamic fintech literature by bridging traditional Islamic economic principles with modern fintech practices. It offers a model for Muslim-majority countries to modernize financial systems focused on financial inclusion, MSME development, sustainable innovation, and social welfare.
Co-Authors Abdul Rosyid Achmad Labib Achmad Nur Alfianto AFIFAH, UMI Afriadi, Fiqih Afridatul Fikriyah Ahmad Bayu Ahmad Efendi Efendi Ahmad Fauzan Al Ayubi, Muhammad Haris Alfianto, Achmad Nur Alfiyanto, Achmad Nur Ali Rochmat Alif sofian Ambarwati Anam, Rizqy Khairul Anisatul Azizah, Anisatul Ansori, Miswan Ash Shidiqie, Jannahar Saddam Assodiqoh, Nur Ma'rifah Ayyusuf, Imanul Achmad Al Amir Damar Irsyad Ustadz Datu Mussolini Sinsuat Lidasan Dewi, Tri Rachma Fadilla, Nurlita Dewi Fadli, M. Robit Nailal Febriyanti, Aprillyana Fikriyah, Afridatul Fitriani, Wulan Halipah Halipah Heri Sudarsono Herliana Rizki Yati Hidayat, Trian Hidayat, Yahya Nur Ihsan Rafifalah Ikawati, Retty Indahsari, Sutriyana Istikharoh, Maya Jannah, Vina Roudhotul Jinggo Aldino Labib, Achmad Lia Nur Cahyani Lidasan, Datu Mussolini Sinsuat Lidasan, Mussolini Sinsuat Lidasan, Mussollini Sinsuat M Haris Al Ayubi M Pudail M Pudail Maemunah Maemunah Mariana Ratih Ratnani Maryono . Maufur, Miqdam Milna Wafirah Muhammad Alif Muzakki Muhammad Rifki Mustika Noor Mifrahi, Mustika Noor Muzakki, Muhammad Alif Mu’awanah, Annisa Siti Nasiroh, Fandilatun Natiq Al Aksar Nugrohowati, Rindang Nuri Isnaini Nur Alfianto, Achmad Nur Rochmah, Eva Pambudi, Fajar Priyonggo Suseno Pudail, M. Pudail, M. Pudail, Muhammad Purwanto Purwanto Purwanto Purwanto, Purwanto Qurotul Aini Qurotul Aini Qurrata A’yun, Azkiya Qurrotul Aini Rafifalah, Ihsan Rahmaan, Dimas Anjanii Rahmawati Lewo Ramadani, M. Kevin Rifa'i, Fuad Yanuar Akhmad Rifai, Fuad Yanuar Akhmad Risydiyani, Wilda Rizqi Istiqomah Rizqi Istiqomah Rochison, Muhammad Rohmat, Ali Satrio Arif Wicaksono Shofa Robbi, Imam arsya Siti Nur Aini, Siti Nur Siti Nur Azizah sofian, Alif Sofyana, Sonia Tajun Yuhsinun Tri Mulyani Tri Nur Fadilah Tumewang, Yunice Karina Tutik Rofiqoh Ula, Himmatul Wahyu Achmad Pamuji Widiyawati, Ema Nurkholisa